Reported about 8 hours ago
General Motors (GM) has revealed plans to increase its quarterly dividend by 25%, raising it from 12 cents to 15 cents per share, effective April 2025. Additionally, the automaker will initiate a new $6 billion share buyback program to return excess cash to shareholders, expecting to repurchase $2 billion in shares by mid-2025. This move comes after GM's previous $10 billion buyback program, which was completed in late 2023. Despite challenges in profitability from electric vehicle offerings, GM projects a net income of $11.2 billion to $12.5 billion in 2025.
Source: YAHOO